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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

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Help and support home  /  Funding

What funding and interest charges do you apply?

Rolling spot FX contracts are subject to funding adjustments (debits or credits) if you keep a position open at the end of each business day, after 10pm London time (normally 5pm EST). Funding adjustments are based on the current tom-next rate for the currency pair you are trading.

Tom-next shows, in pips, the difference between the interest paid to borrow the currency that is being notionally sold, and the interest received from holding the currency that is being notionally bought. IG takes the tom-next rate received from its brokers and applies an admin fee of 0.5% p.a. Depending on the direction of the position, and the currencies involved, this adjustment could be a credit or debit.

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Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is not directed at residents of countries where its distribution, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IG is a trading name of IG US LLC (a company registered in Delaware under number 6570306). Business address, 1330 W Fulton, Chicago, IL 60607. IG is a registered RFED with the Commodity Futures Trading Commission and member of the National Futures Association (NFA ID 0509630).

IG US accounts are not available to residents of Arizona or Ohio.

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